PMZ-UN.TO vs. REI-UN.TO
PMZ-UN.TO (Primaris Real Estate Investment Trust) and REI-UN.TO (RioCan Real Estate Investment Trust) are both stocks. Both operate in the REIT - Retail industry within the Real Estate sector. Over the past 3 years, PMZ-UN.TO returned 21.25%/yr vs 9.57%/yr for REI-UN.TO. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
PMZ-UN.TO vs. REI-UN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PMZ-UN.TO achieves a 27.78% return, which is significantly higher than REI-UN.TO's 21.09% return.
PMZ-UN.TO
- 1D
- 0.26%
- 1M
- 2.96%
- YTD
- 27.78%
- 6M
- 33.88%
- 1Y
- 36.33%
- 3Y*
- 21.25%
- 5Y*
- —
- 10Y*
- —
REI-UN.TO
- 1D
- 0.73%
- 1M
- 1.73%
- YTD
- 21.09%
- 6M
- 24.99%
- 1Y
- 35.55%
- 3Y*
- 9.57%
- 5Y*
- 6.28%
- 10Y*
- 3.70%
PMZ-UN.TO vs. REI-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PMZ-UN.TO Primaris Real Estate Investment Trust | 27.78% | 6.74% | 18.91% | 0.18% | 23.56% |
REI-UN.TO RioCan Real Estate Investment Trust | 21.09% | 9.00% | 4.33% | -6.86% | -1.45% |
Correlation
The correlation between PMZ-UN.TO and REI-UN.TO is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2022 | 0.61 |
The correlation between PMZ-UN.TO and REI-UN.TO has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
Fundamentals
PMZ-UN.TO:
CA$2.30B
REI-UN.TO:
CA$6.45B
PMZ-UN.TO:
CA$1.58
REI-UN.TO:
CA$0.84
PMZ-UN.TO:
12.37
REI-UN.TO:
26.39
PMZ-UN.TO:
1.60
REI-UN.TO:
0.12
PMZ-UN.TO:
3.53
REI-UN.TO:
4.54
PMZ-UN.TO:
0.90
REI-UN.TO:
0.91
PMZ-UN.TO:
CA$680.03M
REI-UN.TO:
CA$1.43B
PMZ-UN.TO:
CA$386.08M
REI-UN.TO:
CA$761.37M
PMZ-UN.TO:
CA$327.89M
REI-UN.TO:
CA$718.61M
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Return for Risk
PMZ-UN.TO vs. REI-UN.TO — Risk / Return Rank
PMZ-UN.TO
REI-UN.TO
PMZ-UN.TO vs. REI-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Primaris Real Estate Investment Trust (PMZ-UN.TO) and RioCan Real Estate Investment Trust (REI-UN.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| PMZ-UN.TO | REI-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 5.93 | -1.10 |
| Martin ratioReturn relative to average drawdown | 13.23 | 16.05 | -2.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMZ-UN.TO | REI-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.54 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | -0.72 | +1.49 |
Drawdowns
PMZ-UN.TO vs. REI-UN.TO - Drawdown Comparison
The maximum PMZ-UN.TO drawdown since its inception was -23.45%, smaller than the maximum REI-UN.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PMZ-UN.TO and REI-UN.TO.
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Drawdown Indicators
| PMZ-UN.TO | REI-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.45% | -100.00% | +76.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.67% | -6.21% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -18.95% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.93% | — |
Current DrawdownCurrent decline from peak | -0.91% | -99.91% | +99.00% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -93.00% | +85.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.29% | +0.51% |
Volatility
PMZ-UN.TO vs. REI-UN.TO - Volatility Comparison
Primaris Real Estate Investment Trust (PMZ-UN.TO) and RioCan Real Estate Investment Trust (REI-UN.TO) have volatilities of 4.63% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMZ-UN.TO | REI-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.47% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 11.46% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 14.52% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.16% | 18.42% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 21.98% | +0.18% |
Dividends
PMZ-UN.TO vs. REI-UN.TO - Dividend Comparison
PMZ-UN.TO's dividend yield for the trailing twelve months is around 4.46%, less than REI-UN.TO's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZ-UN.TO Primaris Real Estate Investment Trust | 4.46% | 5.55% | 5.44% | 5.93% | 5.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REI-UN.TO RioCan Real Estate Investment Trust | 5.24% | 6.17% | 6.06% | 5.77% | 4.80% | 4.18% | 8.60% | 5.38% | 6.05% | 5.79% | 5.29% | 5.95% |
Financials
PMZ-UN.TO vs. REI-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Primaris Real Estate Investment Trust and RioCan Real Estate Investment Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PMZ-UN.TO vs. REI-UN.TO - Profitability Comparison
PMZ-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Primaris Real Estate Investment Trust reported a gross profit of 96.13M and revenue of 177.77M. Therefore, the gross margin over that period was 54.1%.
REI-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, RioCan Real Estate Investment Trust reported a gross profit of 190.99M and revenue of 330.61M. Therefore, the gross margin over that period was 57.8%.
PMZ-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Primaris Real Estate Investment Trust reported an operating income of 84.61M and revenue of 177.77M, resulting in an operating margin of 47.6%.
REI-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, RioCan Real Estate Investment Trust reported an operating income of 140.09M and revenue of 330.61M, resulting in an operating margin of 42.4%.
PMZ-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Primaris Real Estate Investment Trust reported a net income of 41.92M and revenue of 177.77M, resulting in a net margin of 23.6%.
REI-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, RioCan Real Estate Investment Trust reported a net income of 93.16M and revenue of 330.61M, resulting in a net margin of 28.2%.
Frequently Asked Questions
PMZ-UN.TO and REI-UN.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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